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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Waban, Inc.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
929394104
(CUSIP Number)
Check the following box if a fee is being paid with this
statement [xx]. (A fee is not required only if the
filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2)
has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 5 Pages
________________________ _________________________
CUSIP NO. 929394104 13G Page 2 of 5 Pages
________________________ _________________________
_________________________________________________________________
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David J. Greene and Company
_________________________________________________________________
2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [xx]
_________________________________________________________________
3 SEC Use Only
_________________________________________________________________
4 Citizenship or Place of Organization
New York
_________________________________________________________________
5 Sole Voting Power
Number of
115,000 shares
Shares ___________________________________________________
6 Shared Voting Power
Beneficially
Owned By 1,314,100 shares
___________________________________________________
Each 7 Sole Dispositive Power
Reporting
115,000 shares
Person ___________________________________________________
8 Shared Dispositive Power
With
1,974,027 shares
_________________________________________________________________
9 Aggregate Amount Beneficially Owned By Each Reporting Person
2,089,027 shares
_________________________________________________________________
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares*
[ ]
_________________________________________________________________
11 Percent of Class Represented By Amount in Row 9
6.31%
_________________________________________________________________
12 Type of Reporting Person*
Broker-dealer/Investment Adviser (BD/IA/PN)
_________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
The filing of this statement shall not be construed as an admission
that David J. Greene and Company is the beneficial owner of the
securities covered by such statement.
Item 1. (a) Name of Issuer.
Waban, Inc.
Item 1. (b) Address of Issuer.
One Mercer Road
P.O. Box 9600
Natick, MA 01760
Item 2. (a) Name of Person Filing.
David J. Greene and Company
Item 2. (b) Address of Principal Business Office.
599 Lexington Avenue, New York, NY 10022
Item 2. (c) Place of Organization.
New York
Item 2. (d) Title of Class of Securities.
Common Stock, $.01 Par Value
Item 2. (e) CUSIP Number.
929394104
Item 3. (a) David J. Greene and Company is a broker-dealer
registered under Section 15 of the Act.
(b) David J. Greene and Company is an investment
adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership.
(a) Amount Beneficially Owned: 2,089,027 shares
(b) Percent of Class: 6.31%
(c) Number of shares as to which such person has:
(i) Sole power to vote: 115,000 shares
(ii) Shared power to vote: 1,314,100 shares
(iii) Sole power to dispose of or to direct the
disposition of: 115,000 shares
(iv) Shared power to dispose or to direct the
disposition of: 1,974,027 shares
Item 5. Ownership of Five Percent of Less of a Class.
Reporting person has not ceased to be the beneficial
owner of more than five percent of the securities.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported by the Parent
Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: 2/08/94 Signature: E. Stephen Walsh
as of
12/31/93
Name/Title: E. Stephen Walsh
General Partner and
Director of Compliance
